Ethereum revenue and network fees continue to dwindle, prompting debate about the layer-1 blockchain network’s financial fundamentals. Ethereum revenue, the share of network fees that accrue to Ether (ETH) holders as a result of token burns, dropped by about 44% in August, even amid all-time high ETH prices. Revenue for August totaled over $14.1 million, down from July’s $25.6 million, according to Token Terminal. The drop occurred amid ETH rallying by 240% since April and ETH hitting an all-time high of $4,957 on August 24. Network fees also dropped by about 20% month-over-month, falling from about $49.6 million in July to about $39.7 million in August. Read more
Phishing scams continue to impact crypto and Web3 users, prompting the need for vigilance and personal online safety countermeasures. Phishing scams, attacks disguised as legitimate communication or websites designed to steal funds and sensitive information, cost crypto users over $12 million in August, up 72% from July, Web3 anti-scam service Scam Sniffer reported on Saturday. Crypto phishing scams impacted 15,230 victims in August, a 67% increase from July, with the single largest loss costing one user over $3 million, according to Scam Sniffer. The Scam Sniffer team also noted a “sharp escalation” in EIP-7702 signature scams. EIP-7702 is an Ethereum improvement proposal that allows Externally Owned Accounts to act as smart contract wallets that can execute transactions and shift funds. Read more
The Bitcoin miners grew BTC output in August while expanding their operational hash rates more than 100% year-over-year. Bitcoin miners Riot Platforms and CleanSpark boosted their crypto production in August, according to operational updates on Wednesday. Riot Platforms mined 477 BTC in August, up from 322 BTC year-over-year. The output represents a 48% increase compared to August 2024. According to the company, it sold 450 BTC for net proceeds of $51.8 billion during the month, and now holds 19,309 BTC, a 92.7% increase in 12 months. Meanwhile, CleanSpark mined 657 BTC in August, up from 478 BTC during the same month in 2024. The jump amounts to a year-over-year increase of 37.5%. The company sold 533.5 BTC for $60.7 million last month. Read more
Michael Saylor’s Strategy announced a $449 million Bitcoin purchase made last week, bringing total BTC buys in August to just 7,714 BTC. Michael Saylor’s Strategy, the world’s largest public company holding Bitcoin, purchased more BTC as the price slipped below $108,000 last week. Strategy acquired 4,048 Bitcoin (BTC) for $449.3 million between Aug. 25 and Monday, according to a US Securities and Exchange Commission filing on Tuesday. Strategy’s latest Bitcoin purchase was made at an average price of $110,981 per BTC, as the crypto asset briefly surged above $113,000 and subsequently dropped below $108,000 on Friday, according to CoinGecko. Read more
Bitcoin is sluggish at the end of the month, but that didn’t stop Strategy and Metaplanet from buying over 5,000 BTC in August. The Ethereum network is seeing bullish signals, with the network recording a year high of 1.8 million transactions this month. More Ether is being locked into the network as American regulators issue guidance and definitions for staking. Bitcoin (BTC) is in a slump, meanwhile, with the currency trading down over 5% over the last 30 days. A $2.7-billion whale trade sparked a flash crash on Aug. 24. Bitcoin treasury countries continue to issue debt to fund their major Bitcoin purchases. In August, Strategy and Metaplanet picked up 5,370 BTC between the two of them. Read more
Strategy continues accumulating Bitcoin for its corporate treasury despite a fall in share prices from the peak reached in November 2024. Strategy co-founder Michael Saylor signaled an impending Bitcoin (BTC) purchase, and, if completed, the transaction will mark the company’s third BTC acquisition in August. The company’s most recent Bitcoin buy occurred on August 18, when Strategy purchased 430 BTC for $51.4 million, bringing its total holdings to 629,376 BTC, valued at over $72 billion at the time of this writing. Data from SaylorTracker shows Strategy is up over 56% on its BTC investment, representing over $25.8 billion in unrealized gains at current prices. Read more
Since 2016, whenever Ether’s price has gone up in August, it has historically fallen in September, data shows. Ether’s price has climbed 25% since the beginning of August, but historical data suggests the cryptocurrency could lose steam in September. Only time will tell if Ether (ETH) plays out differently this year, with billions flowing into spot Ether ETFs and treasury companies. Crypto trader CryptoGoos said in an X post on Friday, “ETH seasonality in September during post-halving years is typically negative. Will this time be different?” Read more
Pump.fun regained its market dominance in the Solana memecoin launchpad space, gaining over 73% in market share in the last seven days. Solana-based memecoin launchpad Pump.fun recorded one of its strongest revenue weeks of 2025 in mid-August as the sector recovered from a dip earlier this month. Decentralized finance (DeFi) data tracker DefiLlama showed that Pump.fun generated $13.48 million between Aug. 11 and Sunday, the platform’s strongest weekly revenue performance since February. The increase came after a sharp revenue drop from July 28 to Aug. 3. During that time, Pump.fun brought in only $1.72 million in weekly revenue, its lowest since March 2024. This contributed to the platform’s revenue drop in July, its lowest monthly revenue this year. Read more